Seth Klarman Stocks & Portfolio
Baupost GroupHoldings on 30 Sept 2026Filed 13 Nov 2026
Seth Klarman's Baupost Group held 21 US stocks worth $5.0 billion on 30 September 2026, in its 13F filed with the SEC on 13 November 2026. Its largest holdings: Amazon.com (18.5%), Elevance Health (9.8%), Restaurant Brands International (9.5%).
Plus See what the famous funds bought and sold, and who earned the mostPortfolio value
$5.0B
Stocks held
21
Return last quarter
-0.9%
S&P 500 +2.0%
1 year
+12.6%
S&P 500 +14.4%
3 years
+44.0%
S&P 500 +78.4%
5 years
+11.8%
S&P 500 +77.6%
Largest holdings
Return vs. the S&P 500
This fundS&P 500
Each quarter's return on what the fund held at its start, compounded, beside the S&P 500's. Trades inside a quarter, cash and fees are not in a 13F.
Changes since Q2 2026
Bought this quarter (8)
- 1HONAHoneywell AerospaceNew$175.43M
- 2SITESiteOne Landscape SupplyNew$112.44M
- 3AXTAAxalta Coating Systems+96.7%Added$39.61M
- 4GPCGenuine Parts Company+10.0%Added$35.43M
- 5FERGFerguson+8.3%Added$26.94M
- 6WCCWesco International+8.4%Added$20.01M
- 7CMECME Group+10.7%Added$17.40M
- 8HLFHerbalife Nutrition+10.8%Added$12.13M
Sold this quarter (8)
.webp)
By sector
- Consumer Cyclical35.7%
- Industrials23.6%
- Financial Services12.7%
- Healthcare11.5%
- Communication Services6.4%
- Basic Materials3.4%
- Consumer Defensive2.5%
- Technology2.3%
- Real Estate1.9%
Stocks in the portfolio (21)
| Stock | Weight | Shares | Value | Change | Price at quarter end | Price now | Since |
|---|---|---|---|---|---|---|---|
18.49% | 3,743,854 | $932.78M | Unchanged | 249.15 | 266.64 | +7.0% | |
9.83% | 1,275,154 | $495.81M | Unchanged | 388.82 | 429.67 | +10.5% | |
9.51% | 6,753,112 | $480.10M | Unchanged | 71.09 | 75.41 | +6.1% | |
7.72% | 3,097,978 | $389.54M | +10.0%Added | 125.74 | 123.30 | -1.9% | |
6.93% | 1,571,594 | $349.87M | +8.3%Added | 222.62 | 256.55 | +15.2% | |
6.41% | 949,931 | $323.68M | -30.8%Reduced | 340.74 | 292.56 | -14.1% | |
5.12% | 718,523 | $258.37M | +8.4%Added | 359.59 | 321.69 | -10.5% | |
4.99% | 701,355 | $252.02M | Unchanged | 359.33 | 425.92 | +18.5% | |
4.29% | 795,395 | $216.45M | -32.9%Reduced | 272.13 | 302.45 | +11.1% | |
3.70% | 674,779 | $186.76M | -1.8%Reduced | 276.77 | 338.36 | +22.3% | |
3.56% | 685,435 | $179.57M | +10.7%Added | 261.98 | 317.97 | +21.4% | |
3.48% | 1,132,000 | $175.43M | New | 154.97 | 165.05 | +6.5% | |
2.47% | 10,259,844 | $124.45M | +10.8%Added | 12.13 | 15.97 | +31.7% | |
2.33% | 3,769,818 | $117.73M | Unchanged | 31.23 | 19.81 | -36.6% | |
2.23% | 1,245,000 | $112.44M | New | 90.31 | 112.64 | +24.7% | |
1.89% | 6,830,230 | $95.49M | Unchanged | 13.98 | 16.69 | +19.4% | |
1.80% | 530,763 | $90.77M | Unchanged | 171.02 | 180.59 | +5.6% | |
1.68% | 449,609 | $85.02M | -29.0%Reduced | 189.10 | 209.64 | +10.9% | |
1.60% | 2,506,031 | $80.59M | +96.7%Added | 32.16 | 36.56 | +13.7% | |
1.53% | 4,880,188 | $77.06M | Unchanged | 15.79 | 16.57 | +4.9% | |
0.43% | 392,000 | $21.93M | Unchanged | 55.94 | 44.72 | -20.1% |
The famous funds: most bought, most sold and best returns
Most bought by the famous funds last quarter
Most sold by the famous funds last quarter
Quarter by quarter
| Quarter | Value | Number of stocks | Fund return | S&P 500 |
|---|---|---|---|---|
| Q3 2026 | $5.0B | 21 | -0.9% | +2.0% |
| Q2 2026 | $5.4B | 23 | +11.8% | +14.9% |
| Q1 2026 | $5.1B | 22 | -2.9% | -4.6% |
| Q4 2025 | $5.3B | 22 | +4.7% | +2.3% |
| Q3 2025 | $4.8B | 22 | +7.6% | +7.8% |
| Q2 2025 | $4.1B | 23 | +5.3% | +10.6% |
| Q1 2025 | $3.5B | 23 | -2.4% | -4.6% |
| Q4 2024 | $3.4B | 22 | +0.5% | +2.1% |
| Q3 2024 | $3.5B | 21 | +11.0% | +5.2% |
| Q2 2024 | $3.6B | 24 | -4.3% | +4.4% |
| Q1 2024 | $3.7B | 22 | -2.1% | +9.9% |
| Q4 2023 | $4.6B | 23 | +10.6% | +11.2% |
| Q3 2023 | $5.2B | 32 | -3.7% | -3.6% |
| Q2 2023 | $5.6B | 29 | +2.7% | +8.3% |
| Q1 2023 | $5.8B | 31 | +2.9% | +7.0% |
| Q4 2022 | $6.1B | 34 | +7.3% | +7.1% |
| Q3 2022 | $5.8B | 45 | -6.6% | -5.3% |
| Q2 2022 | $6.8B | 52 | -19.4% | -16.4% |
| Q1 2022 | $9.3B | 55 | -6.4% | -4.9% |
| Q4 2021 | $10.1B | 54 | +1.0% | +10.6% |
| Q3 2021 | $10.9B | 57 | -1.9% | +0.2% |
| Q2 2021 | $12.3B | 59 | +56.7% | +8.2% |
| Q1 2021 | $12.6B | 59 | +11.4% | +5.8% |
| Q4 2020 | $10.8B | 45 | +13.6% | +11.7% |
| Q3 2020 | $9.3B | 37 | +0.5% | +8.5% |
| Q2 2020 | $8.0B | 31 | +30.5% | +20.0% |
| Q1 2020 | $6.8B | 33 | -30.2% | -20.0% |
| Q4 2019 | $9.1B | 31 | +8.2% | +8.5% |
| Q3 2019 | $8.8B | 32 | -6.9% | +0.4% |
| Q2 2019 | $11.0B | 32 | +0.2% | +3.4% |
| Q1 2019 | $11.9B | 35 | +10.6% | +14.4% |
| Q4 2018 | $11.5B | 37 | -15.3% | -14.3% |
| Q3 2018 | $13.1B | 38 | -1.2% | +7.6% |
| Q2 2018 | $11.4B | 33 | +8.2% | +2.9% |
| Q1 2018 | $10.4B | 33 | -3.4% | -1.2% |
| Q4 2017 | $10.1B | 34 | +6.2% | +6.1% |
| Q3 2017 | $8.0B | 37 | -2.6% | +4.0% |
| Q2 2017 | $8.8B | 41 | -1.4% | +2.6% |
| Q1 2017 | $8.5B | 43 | +6.1% | +5.5% |
| Q4 2016 | $7.7B | 44 | +0.9% | +3.3% |
| Q3 2016 | $7.0B | 44 | +5.4% | +3.3% |
| Q2 2016 | $7.4B | 39 | +1.1% | +1.9% |
| Q1 2016 | $6.9B | 36 | +0.8% | +0.8% |
| Q4 2015 | $5.5B | 35 | -1.3% | +6.5% |
| Q3 2015 | $6.0B | 41 | -22.4% | -6.9% |
| Q2 2015 | $6.0B | 32 | -6.3% | -0.2% |
| Q1 2015 | $6.0B | 28 | -0.8% | +0.4% |
| Q4 2014 | $5.1B | 27 | -3.7% | +4.4% |
| Q3 2014 | $5.7B | 27 | -3.6% | +0.6% |
| Q2 2014 | $6.1B | 24 | +34.2% | +4.7% |
| Q1 2014 | $4.1B | 20 | +2.8% | +1.3% |
| Q4 2013 | $3.5B | 19 | +7.1% | +9.9% |
| Q3 2013 | $3.5B | 20 | +3.1% | +4.1% |
| Q2 2013 | $4.0B | 24 | +16.5% | +3.4% |
| Q1 2013 | $3.1B | 22 | +5.5% | +9.5% |
| Q4 2012 | $3.1B | 21 | -1.4% | -1.3% |
| Q3 2012 | $3.3B | 22 | +1.6% | +6.0% |
| Q2 2012 | $3.8B | 22 | -5.4% | -3.3% |
| Q1 2012 | $3.0B | 20 | +3.0% | +12.0% |
| Q4 2011 | $3.3B | 23 | +14.7% | +11.2% |
| Q3 2011 | $3.0B | 23 | -13.1% | -14.3% |
| Q2 2011 | $2.4B | 21 | +0.1% | -0.4% |
| Q1 2011 | $1.8B | 17 | -0.7% | +5.4% |
| Q4 2010 | $1.7B | 16 | +13.1% | +10.2% |
| Q3 2010 | $1.7B | 18 | +20.6% | +10.7% |
| Q2 2010 | $1.4B | 18 | -9.2% | -11.9% |
| Q1 2010 | $1.7B | 19 | +10.9% | +4.9% |
| Q4 2009 | $1.6B | 20 | -1.7% | +5.5% |
| Q3 2009 | $1.4B | 27 | — | — |
| Q2 2009 | $1.3B | 32 | +15.6% | +15.2% |
| Q1 2009 | $1.2B | 42 | +9.5% | -11.7% |
| Q4 2008 | $1.2B | 47 | -25.4% | -22.6% |
| Q3 2008 | $1.6B | 52 | -13.2% | -8.9% |
| Q2 2008 | $2.0B | 68 | -3.5% | -3.2% |
| Q1 2008 | $1.6B | 74 | -5.6% | -9.9% |
| Q4 2007 | $1.8B | 76 | -11.9% | 0.0% |
| Q3 2007 | $1.0B | 53 | -7.0% | +2.9% |
| Q2 2007 | $985.92M | 49 | +11.4% | +5.8% |
| Q1 2007 | $764.29M | 39 | +3.9% | +0.2% |
| Q4 2006 | $755.79M | 35 | +15.8% | +6.2% |
| Q3 2006 | $729.88M | 35 | -7.6% | +5.2% |
| Q2 2006 | $590.07M | 32 | +0.8% | -1.9% |
| Q1 2006 | $551.64M | 21 | +7.8% | +3.7% |
| Q4 2005 | $438.02M | 16 | +4.6% | +1.6% |
| Q3 2005 | $393.18M | 13 | -2.8% | +3.1% |
| Q2 2005 | $384.58M | 15 | -1.3% | +0.9% |
| Q1 2005 | $174.85M | 10 | -7.2% | -2.6% |
| Q4 2004 | $129.09M | 10 | +18.7% | +8.7% |
| Q3 2004 | $154.60M | 10 | -6.4% | -2.3% |
| Q2 2004 | $121.16M | 9 | +3.2% | +1.3% |
| Q1 2004 | $143.89M | 11 | +1.5% | +1.3% |
| Q4 2003 | $285.54M | 32 | +3.4% | +11.6% |
| Q3 2003 | $166.40M | 20 | +7.7% | +2.2% |
| Q2 2003 | $193.54M | 23 | +51.5% | +14.9% |
| Q1 2003 | $295.55M | 41 | +4.3% | -3.6% |
| Q4 2002 | $251.73M | 42 | +9.1% | +7.9% |
| Q3 2002 | $285.50M | 49 | -17.7% | -15.8% |
| Q2 2002 | $364.98M | 41 | — | — |
A 13F lists the US stocks, ETFs and options a fund manages over $100 million holds at the end of a quarter, filed within 45 days. It leaves out short sales, cash, bonds and holdings outside the US.
Source: 13F filings with the SEC, via Financial Modeling Prep
Filings on sec.gov